Tripadvisor (NASDAQ:TRIP) Receives Underweight Rating from Cantor Fitzgerald

Tripadvisor (NASDAQ:TRIP)‘s stock had its “underweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research report issued on Monday, Benzinga reports. They presently have a $12.00 price target on the travel company’s stock. Cantor Fitzgerald’s price objective would indicate a potential downside of 19.03% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. BTIG Research decreased their price target on shares of Tripadvisor from $25.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. B. Riley lowered Tripadvisor from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $26.00 to $19.00 in a research report on Wednesday, August 7th. UBS Group dropped their target price on shares of Tripadvisor from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. DA Davidson dropped their price objective on shares of Tripadvisor from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, The Goldman Sachs Group reduced their price target on Tripadvisor from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.13.

Tripadvisor Stock Performance

Shares of Tripadvisor stock traded down $0.08 during midday trading on Monday, hitting $14.82. The company had a trading volume of 299,490 shares, compared to its average volume of 2,401,696. Tripadvisor has a 1-year low of $12.93 and a 1-year high of $28.76. The stock has a market cap of $2.06 billion, a PE ratio of 98.80, a P/E/G ratio of 1.76 and a beta of 1.39. The business’s 50 day simple moving average is $15.19 and its two-hundred day simple moving average is $19.76. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.68 and a quick ratio of 1.68.

Tripadvisor (NASDAQ:TRIP) last released its quarterly earnings results on Tuesday, August 6th. The travel company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $497.00 million for the quarter, compared to analyst estimates of $504.76 million. Tripadvisor had a net margin of 1.32% and a return on equity of 11.81%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. As a group, equities analysts predict that Tripadvisor will post 0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Tripadvisor

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its holdings in shares of Tripadvisor by 104.1% during the second quarter. Fifth Third Bancorp now owns 1,659 shares of the travel company’s stock worth $30,000 after purchasing an additional 846 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Tripadvisor by 52.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,497 shares of the travel company’s stock valued at $54,000 after buying an additional 861 shares in the last quarter. Quest Partners LLC grew its position in shares of Tripadvisor by 14,244.4% in the second quarter. Quest Partners LLC now owns 2,582 shares of the travel company’s stock valued at $46,000 after purchasing an additional 2,564 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Tripadvisor during the first quarter valued at approximately $83,000. Finally, Gladius Capital Management LP acquired a new stake in Tripadvisor during the 2nd quarter worth $79,000. Institutional investors own 98.99% of the company’s stock.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.